Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Unnamed buyer swoops on up to 80 per cent of London's copper market Unnamed buyer swoops on up to 80 per cent of London's copper market
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss Unnamed buyer swoops on up to 80 per cent of London's copper market at the Political Forums; Originally Posted by mlurp I recall some of it but the ending after the hearings I am lost. How did ...

Reply
Page 2 of 2 1 2
 
Share LinkBack (1) Thread Tools Display Modes
  #11 (permalink)  
Old 12-09-2010, 07:54 PM
Banned
  
Join Date: Feb 2010
Posts: 10,528
Thanks: 1,084
Thanked 3,819 Times in 2,587 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by mlurp View Post


I recall some of it but the ending after the hearings I am lost. How did the Hunt's make out?
I can't recall off the top of my head.
Reply With Quote
  #12 (permalink)  
Old 12-09-2010, 08:01 PM
mlurp's Avatar
INDEPENDENT
  
Join Date: Mar 2008
Location: The far mid west.
Gender: Male
Posts: 25,807
Thanks: 12,633
Thanked 6,271 Times in 4,982 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by Pat View Post
I can't recall off the top of my head.
and I am using google less might even stop using it completely and try either Yahoo or Bing unless another is recommended, HINT'S.
__________________
"There are two ways to conquer and enslave a nation... One is by sword... The other is by debt."

John Adams 1826
Reply With Quote
  #13 (permalink)  
Old 12-09-2010, 08:01 PM
cnredd's Avatar
Administrator
  
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 39,834
Thanks: 1,149
Thanked 19,472 Times in 12,307 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by Pat View Post
I can't recall off the top of my head.
Can you do it from the back of your knees?...
__________________
"You get the respect that you give" - cnredd
Reply With Quote
  #14 (permalink)  
Old 12-09-2010, 08:01 PM
mlurp's Avatar
INDEPENDENT
  
Join Date: Mar 2008
Location: The far mid west.
Gender: Male
Posts: 25,807
Thanks: 12,633
Thanked 6,271 Times in 4,982 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by mlurp View Post
and I am using google less might even stop using it completely and try either Yahoo or Bing unless another is recommended, HINT.
Any?
__________________
"There are two ways to conquer and enslave a nation... One is by sword... The other is by debt."

John Adams 1826
Reply With Quote
  #15 (permalink)  
Old 12-09-2010, 08:05 PM
Banned
  
Join Date: Feb 2010
Posts: 10,528
Thanks: 1,084
Thanked 3,819 Times in 2,587 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by cnredd View Post
Can you do it from the back of your knees?...
Why, is that where your head is at?
Reply With Quote
The Following User Says Thank You to alan For This Useful Post:
  #16 (permalink)  
Old 12-09-2010, 09:55 PM
Igottago2's Avatar
Counselor
  
Join Date: Sep 2009
Location: Third cove on the right
Posts: 554
Thanks: 38
Thanked 242 Times in 172 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by mlurp View Post
Any?

There is plenty of info on the hunts but I think this may answer your question as to what happened to them.




A U.S. jury found that the brothers conspired to fix the prices of silver in 1979-80. During that time the price of silver soared from below $11 an ounce to a record $50.35, then tumbled back to around $11.

Ironically, silver prices have more than doubled since the CFTC first started looking into alleged market manipulation in 2008. On Friday, silver traded at $24.68 an ounce.

"The Hunt Brothers litigation has some similarity to our case, in terms of the allegations of manipulation in the silver futures market. Plaintiffs ultimately prevailed in that case. We hope to hold defendants in our case similarly accountable," said Hollis Salzman, attorney at Labaton Sucharow LLP representing a plaintiff in the case.

The CFTC accused the Hunts of hoarding more than 100 million ounces of silver bullion. Nelson and William Hunt were fined $10 million by the CFTC for attempting to corner the silver markets in 1989.

At the end, the brothers were ordered to pay about $134 million in damages to Peruvian state-owned mining company Minpeco S.A., the plaintiff.




Analysis: Silver case hard to prove, despite Hunt Bros - International Business Times
__________________
"Things are going to get darker in America before a new dawn can begin (hopefully) and few are prepared for it."

And if you think this is a Democrat vs Republican issue, you haven't got a clue what's actually going on right now.

"the centralization of wealth in the hands of the state by means of a national bank with an exclusive monopoly" - Karl Marx, Communist Manifesto
Reply With Quote
The Following User Says Thank You to Igottago2 For This Useful Post:
  #17 (permalink)  
Old 12-10-2010, 06:17 PM
mlurp's Avatar
INDEPENDENT
  
Join Date: Mar 2008
Location: The far mid west.
Gender: Male
Posts: 25,807
Thanks: 12,633
Thanked 6,271 Times in 4,982 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by Igottago2 View Post
There is plenty of info on the hunts but I think this may answer your question as to what happened to them.




A U.S. jury found that the brothers conspired to fix the prices of silver in 1979-80. During that time the price of silver soared from below $11 an ounce to a record $50.35, then tumbled back to around $11.

Ironically, silver prices have more than doubled since the CFTC first started looking into alleged market manipulation in 2008. On Friday, silver traded at $24.68 an ounce.

"The Hunt Brothers litigation has some similarity to our case, in terms of the allegations of manipulation in the silver futures market. Plaintiffs ultimately prevailed in that case. We hope to hold defendants in our case similarly accountable," said Hollis Salzman, attorney at Labaton Sucharow LLP representing a plaintiff in the case.

The CFTC accused the Hunts of hoarding more than 100 million ounces of silver bullion. Nelson and William Hunt were fined $10 million by the CFTC for attempting to corner the silver markets in 1989.

At the end, the brothers were ordered to pay about $134 million in damages to Peruvian state-owned mining company Minpeco S.A., the plaintiff.




Analysis: Silver case hard to prove, despite Hunt Bros - International Business Times
Ironically what happened then to the markets can happen real soon in the markets, again.. If you have just a few shares don't worry, remember tax time is a coming soon to.
__________________
"There are two ways to conquer and enslave a nation... One is by sword... The other is by debt."

John Adams 1826
Last edited by mlurp; 12-10-2010 at 06:28 PM..
Reply With Quote
  #18 (permalink)  
Old 12-10-2010, 06:24 PM
mlurp's Avatar
INDEPENDENT
  
Join Date: Mar 2008
Location: The far mid west.
Gender: Male
Posts: 25,807
Thanks: 12,633
Thanked 6,271 Times in 4,982 Posts
Default Re: Unnamed buyer swoops on up to 80 per cent of London's copper market
Quote:
Originally Posted by Pat View Post
Why, is that where your head is at?
Noticed I ignored it and had near the same thought.

But mine didn't have redd in it... Sometimes the less said is the best answer when you have no come back at the time.

Yet thanks for taking notice and the quick reply.. Beeeeeeeeerrrrrrr

it got very cold....
__________________
"There are two ways to conquer and enslave a nation... One is by sword... The other is by debt."

John Adams 1826
Reply With Quote
Reply
Page 2 of 2 1 2

Tags
buyer, cent, copper, london, market, per, swoops, unnamed

« Previous Thread | Next Thread »
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

LinkBacks (?)
LinkBack to this Thread: http://www.politicalwrinkles.com/economics/16797-unnamed-buyer-swoops-up-80-per-cent-londons-copper-market.html
Posted By For Type Date
Unnamed buyer swoops on up to 80 per cent of London's copper market - Political Wrinkles This thread Refback 12-05-2010 02:52 PM


All times are GMT -5. The time now is 05:00 PM.

Political Wrinkles - Archive - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0